Quinn vetoes electric rate hike bill - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Quinn vetoes electric rate hike bill

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CHICAGO, IL (KFVS) -

Illinois Governor Pat Quinn Sunday vetoed Senate Bill 9, which he says would have allowed Illinois' large electric utilities to perform an estimated $70 million rate hike.

The governor says that the bill would skirt more than a century of state oversight of electric utilities.

"I cannot support legislation that puts the profits of big electric utilities ahead of the families and businesses of Illinois," Governor Quinn said. "A strong economy that creates jobs requires stable energy costs, but this bill sends Illinois in the wrong direction. We cannot allow big utilities to force automatic rate hikes on the people of Illinois by going around oversight authorities each and every time they do not get the decision they want."

According to the governor's office, the rate hike proposed would be in addition to other proposals that would average about $6 per month for the average utility customer.

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